{"id":85829,"date":"2025-08-02T12:00:09","date_gmt":"2025-08-02T12:00:09","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=85829"},"modified":"2025-08-02T12:00:09","modified_gmt":"2025-08-02T12:00:09","slug":"ethereum-price-crash-whats-happening-and-where-eth-is-headed-next","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=85829","title":{"rendered":"Ethereum Price Crash: What\u2019s Happening And Where ETH Is Headed Next"},"content":{"rendered":"

Crypto analyst Marcus Corvinus has commented on the Ethereum price crash<\/a>, providing optimism about the altcoin\u2019s recent decline. The analyst explained the current price action and suggested that this was simply a minor setback before another parabolic uptrend to new highs.\u00a0<\/p>\n

Ethereum Price Action And ETH\u2019s Next Targets<\/h2>\n

In an X post<\/a>, Marcus Corvinus said that a hidden bullish power is brewing for the Ethereum price. The analyst further remarked that ETH is playing a smarter game than Bitcoin right now. While BTC has made lower lows<\/a>, Corvinus claimed that ETH has held strong with higher lows. The analyst declared that this is not just price action but strength under pressure.\u00a0<\/p>\n\n

The crypto analyst then highlighted what is unfolding for the Ethereum price. He noted that bearish volume has been fading since last month, which indicates that weak hands are drying out. Furthermore, Corvinus revealed that the Hidden Bullish Divergence RSI<\/a> made a lower low while the price made a higher low. The analyst declared that this is a classic signal of a strong continuation setup.\u00a0<\/p>\n

Meanwhile, Corvinus stated that the Relative Strength Index (RSI)<\/a> is oversold, but still, the Ethereum price managed to hold above July\u2019s support on two retests. The analyst believes that this isn\u2019t a coincidence, which is why he is confident that ETH will still rally higher. He explained that ETH isn\u2019t reversing but consolidating at the top, a pattern which often ends in a breakout to the upside.\u00a0<\/p>\n

In line with this, the crypto analyst declared that the Ethereum price crash is not the end of the move but simply the calm before the next storm. He added that eyes on ETH continuation look inevitable and that his target of between $7,000 and $8,000 this cycle<\/a> is still on track. According to Corvinus, the breakout isn\u2019t a question of if but a question of when.\u00a0<\/p>\n

ETH To At Least Retest $3,000 Before Next Leg Up\u00a0<\/h2>\n

In an X post<\/a>, BitMEX co-founder Arthur Hayes suggested that the Ethereum price might still crash to the psychological $3,000 level before the next leg up. The crypto founder alluded to the Trump tariffs and weak US job data<\/a> as the reason for this conviction.\u00a0<\/p>\n

Hayes also remarked that no major economy is creating enough credit fast enough to boost nominal GDP. As such, he doesn\u2019t see where liquidity will come from to spark a rally for the Ethereum price or other crypto prices. The BitMEX co-founder<\/a> also expects the Bitcoin price to retest the psychological $100,000 level.<\/p>\n

At the time of writing, the Ethereum price is trading just below the $3,500 level, down almost 5% in the last 24 hours, according to data<\/a> from CoinMarketCap.\u00a0<\/p>\n

Featured image from Unsplash, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Crypto analyst Marcus Corvinus has commented on the Ethereum price crash, providing optimism about the altcoin\u2019s recent decline. The analyst explained the current price action and suggested that this was simply a minor setback before another parabolic uptrend to new highs.\u00a0 Ethereum Price Action And ETH\u2019s Next Targets In an X post, Marcus Corvinus said […]<\/p>\n","protected":false},"author":0,"featured_media":85830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-85829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85829"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=85829"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/85829\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/85830"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=85829"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=85829"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=85829"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}